to compare important effects of three basic policies. A strategic reserve policy and a capacity market policy with … transition towards renewable energies has brought a discussion on capacity policies to Europe. We use a partial equilibrium model … administratively set capacity targets, and the obligation of generators to hold certificates of reliable capacities in relation to …

This article studies optimal investment in flexible manufacturing capacity as a function of product prices (margins …

Market prices make it possible to realise returns on capital investments in the electricity sector, but these prices …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … effects with a Electricity market model for Europe with investments in power plants under oligopolistic conditions in Germany …